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Nifty Consolidation between the 9100 and 8000 levels

NSE:NIFTY   Nifty 50 Index
ON the daily chart it is clearly showing the indication of the consolidation , as of 13th april it has fallen by 118 points, continue till 8500 - 8250 nifty at expiry . If we can look at fundamentals, mainly depends on carona virus status , In India and in USA the number of cases are on the high. but India being sensible it have given the exception for the agriculture activity after 14th of april and all the agri related industries have been asked to open with the some basic necessary care that has to be taken by them. this might be the good sign for the agri related companies . but the market will looking this as first step for lifting the nation wide lockdown which was imposed on 22nd of march 2020 . One need to have closure look at the number of cases that are in raise due to any reason if the central government observes the increase in the number of case due to the relaxation that have given will lead to second complete lockdown. and have very bad effect on our economy unless this happens I donot see the market crossing 8250- 8000 levels . Traders can trade nifty between the level of 9100 to 8250 . for investors this is the correct time for picking the right stock for investments as most of the good stocks are at the 30-40% discount.
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